India's Steel Cast up 9% after March-qtr profit more than doubles

Steelcast

24/05/2023 06:47

** Shares of Steel Cast Ltd  STCL.NS  rise 9.42% to 522
rupees
    ** Steel casts manufacturer reports March-quarter net profit
more than doubles YoY to 195.4 mln rupees ($2.4 mln); income
from operations up 29% to 1.2 bln rupees 
    ** Co approves special dividend of 3.15 rupees per share and
final dividend of 2.7 rupees per share
    ** Stock most active in a month, with a trading volume of
87,957 shares as of 11:08 a.m. IST, quadruple the 30-day avg -
Refinitiv data



     ($1 = 81.7800 Indian rupees)
    
    


($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))